Nestle : Why continue to expect EPS growth of +7% and +8% respectively in 2022 and 2023?
>Outperform maintained - We reiterate our Outperform recommendation with a target price of CHF 118. Year-on-year, the stock (-5%) has outperformed the Stoxx 600 but has posted a performance in line with food, spirits and HPC stocks in Europe and the US whilst the group is demonstrating its capacity for resilience in a challenging context of inflation for a reasonable valuation multiple (PER 2023e: 21x). Uncertainty persists in Food HPC about the resilience of the mix/...Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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